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Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest
lop guest
User ID: 221337
12-24-2018 02:54 AM

 




Post: #1
Trump 'now realizes' he can't fire Federal Reserve Chairman
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Acting White House Chief of Staff Mick Mulvaney said Sunday that President Trump “now realizes” he can’t fire Federal Reserve Chairman Jerome Powell, an acknowledgment that came after reports that Trump has discussed dismissing the Fed chief in recent days amid the stock market’s meltdown.
https://www.usatoday.com/story/money/201...403176002/

Why is the White House Cheif acting ?
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LoP Guest
lop guest
User ID: 438017
12-24-2018 03:02 AM

 




Post: #2
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
Lol

He should try it anyway! Popcorn
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LoP Guest
lop guest
User ID: 424701
12-24-2018 03:50 AM

 




Post: #3
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
He can do anything he wants with the FED. He could actually ban them from operating. At a moments notice. Put them out of business permanently. They are a private corporation.
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LoP Guest
lop guest
User ID: 424701
12-24-2018 03:52 AM

 




Post: #4
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest  Wrote: (12-24-2018 03:50 AM)
He can do anything he wants with the FED. He could actually ban them from operating. At a moments notice. Put them out of business permanently. They are a private corporation.

The FED will eventually be moved under and subservient to the Treasury Department.
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LoP Guest
lop guest
User ID: 469668
12-24-2018 03:52 AM

 




Post: #5
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
Then WHO can?
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LoP Guest
lop guest
User ID: 255758
12-24-2018 03:55 AM

 




Post: #6
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest  Wrote: (12-24-2018 03:50 AM)
He can do anything he wants with the FED. He could actually ban them from operating. At a moments notice. Put them out of business permanently. They are a private corporation.

Not true...only a act of Congress can end the FED
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LoP Guest
lop guest
User ID: 449124
12-24-2018 03:59 AM

 




Post: #7
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest  Wrote: (12-24-2018 03:50 AM)
He can do anything he wants with the FED. He could actually ban them from operating. At a moments notice. Put them out of business permanently. They are a private corporation.

Presidents have no power over private companies.
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LoP Guest
lop guest
User ID: 443077
12-24-2018 04:19 AM

 




Post: #8
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
NPC president doesn't realize a whole lot. But that's ok. We NPC supporters don't care. He's our NPC. And we are his NPCs. None of us possess any inner dialogue so we're perfect for eachother Hugs
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SkeptiSchism
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User ID: 450243
12-24-2018 04:21 AM

Posts: 12,206




Post: #9
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest  Wrote: (12-24-2018 03:52 AM)
Then WHO can?

The fed chair is the only position appointed by the president. The other members of the board are appointed by the banks.

Even if Trump could remove Powell, he cannot touch the other members of the federal reserve board of governors.

Powell is just doing what the board wants.

[Image: Z00RUBB.png]
(This post was last modified: 12-24-2018 04:21 AM by SkeptiSchism.) Quote this message in a reply
LoP Guest
lop guest
User ID: 449124
12-24-2018 04:23 AM

 




Post: #10
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
Isn't the board and equal representatie from government and from private?

So there are an equal amount of government and private seats on the board.
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LoP Guest
lop guest
User ID: 424701
12-24-2018 04:28 AM

 




Post: #11
RE: Trump 'now realizes' he can't fire Federal Reserve Chairman
LoP Guest  Wrote: (12-24-2018 03:55 AM)
LoP Guest  Wrote: (12-24-2018 03:50 AM)
He can do anything he wants with the FED. He could actually ban them from operating. At a moments notice. Put them out of business permanently. They are a private corporation.

Not true...only a act of Congress can end the FED

Congress couldn't sneak into Texas. Waiting for them to act? Look around. The FED is a private corporation with shareholders. Once shared and investigated and proven all the illegal activities. They will be gone. They're on their last leg right now. The FED is where all the money funnels in and all the money funnels out. They decide the interest rate, how much debt to float (the rope around the neck) and so much more. The money they take in goes out the back door. The leaders of the FED are just figure heads for the corporation. So bulldoze the FED, the CFR and you will see the country prosper like it was in the 1800's. Up to you guessed it 1913. Christmas Eve.
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